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While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.Speaking to Cointelegraph, Chris Maurice, founder and CEO of Yellow Card — Africa’s largest cryptocurrency exchange — said
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The Credit Suisse stock jumped by over 40% in Thursday’s opening trade as the %54 billion credit line extended by the Swiss National Bank comes as a major relief. The global financial and banking system seems to be under major stress with veteran bank Credit Suisse facing a crisis-like condition.
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"Over the last few months, we have been looking for a way to continue mining through the bear market, reduce our debt load, and maintain access to the unique power grid in Texas," Argo's CEO Peter Wall told CryptoX. "This deal with Galaxy achieves all of these goals, and it
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Voyager filed for Chapter 11 bankruptcy protection in early July, citing more than 100,000 creditors and as much as $10 billion in assets and liabilities. Original Source
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The past week in the decentralized finance (DeFi) ecosystem was dominated by Terra's collapse and its aftermath on various ecosystems it was connected. Now BNB chain has come to the rescue of several stranded projects on Terra by offering financial and technical assistance.After its spiral collapse, Terra co-founder Do Kown
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However, this method, at the end, felt too costly and clunky for Alexander to use regularly, he said. Now, he’s looking into more traditional, fiat remittance options that still work for Russian citizens. For example, KoronaPay, a Cyprus-registered fintech company, allows users to send money between Russia and multiple other
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More than 1.7 million Ukrainians have fled the country’s borders since the conflict began, the United Nations says, the “fastest-growing refugee crisis in Europe since World War II,” in the words of UN High Commissioner for Refugees Filippo Grandi. Although some refugees are transferring their funds into crypto as a
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The CEO of the Nasdaq-listed crypto exchange Coinbase says ordinary Russians are using cryptocurrency as a lifeline now that their own currency, the ruble, has collapsed. The executive also does not see a high risk of Russian oligarchs using crypto to avoid sanctions. Crypto Becomes a Lifeline for Ordinary Russians Coinbase CEO
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Bitcoin price is back below $55,000, unable to keep its bullish momentum it had leading into the Coinbase Global listing. Since then, things have turned down. The fall back below $60,000 has with it also taken the coin below a critical life-saving support level that’s been untouched since late 2020. Bitcoin Loses
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“We are in serious talks to get acquired. Meaning that we will most likely live through this,” Gomez said.Furthermore, the firm has “several interested parties” including “well-known Bitcoin investors.” Gomez said he was unable to disclose any further details, however. As such, Purse’s original June 26 shutdown date is likely
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